ICBC Leasing

ICBC Leasing (ICBC Financial Leasing Co., Ltd.) is the wholly owned leasing subsidiary of the Industrial and Commercial Bank of China. It was set up in Tianjin Binhai New Area in 2007 as the first financial leasing company established by a Chinese commercial bank with approval of the China Banking Regulatory Commission. Aircraft, vessels and large equipment are its main business lines.

Services

• Aircraft financial leases, with ownership passing to the lessee at the end of the term
• Aircraft operating leases
• Aviation materials financial leases for engines and components
• Sale and leaseback
• Financial consulting for fleet planning

Leased assets include aircraft, engines, simulators and specialised aviation equipment, for airlines, airports, aircraft manufacturers and maintenance companies in China and abroad.

Milestones

• December 2009: first Boeing 777F cargo lease, with China Southern Airlines
• December 2012: first export of a China-assembled Airbus A320 using tax leasing
• June 2015: first offshore operating lease, an A320 for Himalaya Airlines of Nepal
• Ordered 45 COMAC C919 and 30 ARJ21 aircraft

Company facts

• Established in 2007, wholly owned by ICBC
• As of 31 March 2017: aircraft assets over RMB 110 billion and more than 540 aircraft owned or managed
• As of 2017: 64 airline customers in 33 countries and territories
• Aviation contact email: aviation@leasing.icbc.com.cn